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  • #695,821
  • Sep 21, 2012 5:15am Sep 21, 2012 5:15am
Quoting C-12
Not really sure if anything works these days apart from strong supply and demand levels. The big money uses technical analysis to set traps all over place, specifically around conventional S&R, trendlines and round numbers.
Agreed... which makes it all the more important to know where fair value is.
Of course if one is a scalper, it doesn't matter much.
Those who say it cannot be done should not interrupt those who are doing it
  • #695,822
  • Sep 21, 2012 5:19am Sep 21, 2012 5:19am
Quoting Z3iz3i
Its pretty close call, its a trap. Playing with decimals.

15min close below 217 or above 281 is key.
what's a trap? u think it will finally go where?
  • #695,823
  • Sep 21, 2012 5:22am Sep 21, 2012 5:22am
Quoting Z3iz3i
Its pretty close call, its a trap. Playing with decimals.

15min close below 217 or above 281 is key.
I'm looking at m1/m5 near resistance/support....and playing with tick vol to gauge how's activity near it.
Near 22, i've noticed this so called activity were very strong on very small candles.
Such vol compressed in such tiny candles near a support may be buyers. But i may be wrong so very tight stop while playing such setups.
COT: The precious data ignored
  • #695,824
  • Sep 21, 2012 5:22am Sep 21, 2012 5:22am
Quoting PipTrapper
Agreed... which makes it all the more important to know where fair value is.
Of course if one is a scalper, it doesn't matter much.
That's true and you need super strict rules on trade management.

EU looks ripe for a fall here but I've no idea.

I took 1:1 off and the other position straight to BE. Can't trust anything so you have to be really disciplined and grab what you can.
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  • #695,825
  • Sep 21, 2012 5:25am Sep 21, 2012 5:25am
Quoting divak
what's a trap? u think it will finally go where?
one of the typical market maker's strategy to create false market sentiment to trap traders to go one direction then reverse to take out all traders position.
easy way to make money on their end.
  • #695,826
  • Sep 21, 2012 5:26am Sep 21, 2012 5:26am
Quoting divak
what's a trap? u think it will finally go where?
Maybe need to see next hourly close if that range does not get played out. Maybe it is just waiting for meat to be chopped.

1hr vs 15min.

1 - 0

Obviously 1hr player giving an false impression to intraday players.
They think they are smarter than I am.
  • #695,827
  • Sep 21, 2012 5:29am Sep 21, 2012 5:29am
Quoting Z3iz3i
Maybe need to see next hourly close if that range does not get played out. Maybe it is just waiting for meat to be chopped.

1hr vs 15min.

1 - 0

Obviously 1hr player giving an false impression to intraday players.
i dont get it. what false impression? the one of going up, or the one of going down?
  • #695,828
  • Sep 21, 2012 5:30am Sep 21, 2012 5:30am
Quoting pkimnyc
one of the typical market maker's strategy to create false market sentiment to trap traders to go one direction then reverse to take out all traders position.
easy way to make money on their end.
ok, so what is the trap at present moment?

make believe it will go down?
  • #695,829
  • Sep 21, 2012 5:30am Sep 21, 2012 5:30am
Quoting Z3iz3i
Maybe need to see next hourly close.

1hr vs 15min.

1 - 0

Obviously 1hr player giving an false impression to intraday players.
with apple launching their new Iphone 5, previously Hawkish feds backing Ben Bernanke, I am expecting the US markets to close higher

S&P futures are still up, and maybe ATT, Apple and other related companies will probably pose positive stock moves.

The Euro at least this year has a .65 correlation coefficient with the S and P, I am not really expecting US to go against the rest of the world...possibly profit taking at the moment and US markets to follow the trend upwards.
AVT INVENIAM VIAM AVT FACIAM
  • #695,830
  • Sep 21, 2012 5:31am Sep 21, 2012 5:31am
as soon as ny session open fall will begin massive fall i am buckling up for sky dive
Learning Requires Failure
  • #695,831
  • Sep 21, 2012 5:32am Sep 21, 2012 5:32am
Quoting divak
ok, so what is the trap at present moment?

make believe it will go down?
you will have to look into it more in detail to understand. for me to explain it, it will probably take up whole 3 pages.

to give you an example: tonight at london, we dropped initially then a rally. which one is the trap move?
  • #695,832
  • Sep 21, 2012 5:33am Sep 21, 2012 5:33am
Quoting tirmizi
as soon as ny session open fall will begin massive fall i am buckling up for sky dive
wow, u seem so confident about it.
  • #695,833
  • Sep 21, 2012 5:33am Sep 21, 2012 5:33am
Quoting pkimnyc
you will have to look into it more in detail to understand. for me to explain it, it will probably take up whole 3 pages.
ok, i just want to understand where u think it will finally go
  • #695,834
  • Sep 21, 2012 5:34am Sep 21, 2012 5:34am
we have a 92 pip range from low to high the historical IQR is from 77 to 150 and the mean at 121

so it is not like the Euro is looking over extended at the moment.
AVT INVENIAM VIAM AVT FACIAM
  • #695,835
  • Sep 21, 2012 5:34am Sep 21, 2012 5:34am
Quoting tirmizi
as soon as ny session open fall will begin massive fall i am buckling up for sky dive
Yes perhaps. The USDX Daily chart shows price entering previous demand zone. Could be good time to short Eur (and for that matter AUD & NZD as well)
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  • #695,836
  • Sep 21, 2012 5:35am Sep 21, 2012 5:35am
Quoting divak
ok, so what is the trap at present moment?

make believe it will go down?
Look at it this way. Is the market overbought or oversold?
Those who say it cannot be done should not interrupt those who are doing it
  • #695,837
  • Sep 21, 2012 5:35am Sep 21, 2012 5:35am
Quoting divak
ok, i just want to understand where u think it will finally go
you can't predict the market. it doesn't work that way.
  • #695,838
  • Sep 21, 2012 5:35am Sep 21, 2012 5:35am
Quoting divak
wow, u seem so confident about it.
i am just out guessing the market before it turns
Learning Requires Failure
  • #695,839
  • Sep 21, 2012 5:36am Sep 21, 2012 5:36am


Quoting pkimnyc
you can't predict the market. it doesn't work that way.
AVT INVENIAM VIAM AVT FACIAM
  • #695,840
  • Sep 21, 2012 5:36am Sep 21, 2012 5:36am
Quoting tirmizi
i am just out guessing the market before it turns
so you are just gambling?
A 1 pip gain is better than a 1 pip loss.
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